Vaughan Nelson Investment Management L.P. Boosts Stock Holdings in Keurig Dr Pepper, Inc $KDP

Vaughan Nelson Investment Management L.P. grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 44.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,795 shares of the company’s stock after purchasing an additional 28,000 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Keurig Dr Pepper were worth $2,316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. NewEdge Advisors LLC grew its stake in Keurig Dr Pepper by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after buying an additional 3,627 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of Keurig Dr Pepper in the first quarter valued at $106,000. Caxton Associates LLP bought a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at $656,000. Ascent Group LLC purchased a new stake in Keurig Dr Pepper during the 1st quarter worth about $226,000. Finally, Empowered Funds LLC boosted its stake in Keurig Dr Pepper by 248.0% in the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after purchasing an additional 49,741 shares during the period. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Down 0.3%

KDP opened at $27.25 on Thursday. The stock has a market cap of $37.02 billion, a PE ratio of 23.49, a P/E/G ratio of 1.88 and a beta of 0.34. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The business’s fifty day simple moving average is $27.75 and its 200 day simple moving average is $29.49.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. As a group, research analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, January 2nd. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Insider Activity at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on KDP. Bank of America decreased their price target on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Barclays upped their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. BNP Paribas Exane lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Finally, TD Cowen reduced their target price on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.87.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.